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20121002
20121010
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say infamy is a better word. >> most officials in any sport trying to be anonymous. this morning, jim axelrod is about to change all that. good morning. >> good morning. in all, there were 135 replacement officials hired by the nfl, all with years of experience at the college and high school level. now, we sat down with jerry hughes, who like all the others, had jumped at the chance to live his referee's dream. finally, everything's back to normal. the regular referees are on the field. the distractions of replacement refs are gone. and everyone seems happy. well, almost everyone. >> a little sad right now. >> reporter: not jerry hughes. one of those replacement refs who have now themselves been replaced. >> one more week, if for no other reason, to say goodbye to the crew. >> you got close with these guys? >> we were close. >> close, perhaps, in the way that soldiers share a fox hole are close. because for these replacement refs, it seems like everyone was against them. >> the one day you're working at the foot locker, the next day you're in the n.l. >> reporter: you all became sort
suspects worldwide. and jim axelrod with a young soccer player who's replaced a missing leg with gallantry on the field. >> i just want to be seen as an equal. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening, and we could add happy new year, because this is the first day of the federal government's new fiscal year. but there's not much to celebrate because the nation is headed toward what's being called the fiscal cliff and there are dire new warnings today about what will happen to american families unless congress and the president reach a budget deal by december 31. that is the day that a series of tax cuts will expire and big cuts in federal spending will take hold. tax experts said today 90% of american families are facing llat they call unprecedented tax increases. how much? wyatt andrews is in washington tonight. intt? >> reporter: scott, according to the non-partisan tax policy center, the united states is now on the threshold of one of the largest tax increases in history-- a tax hike that could average $3,500 for every america
and we'll hear from him at the top of the hour. jim axelrod has the story of one team's return to postseason play. jim, good morning. >> good morning, nora. the a's are back in the bay area to take on the detroit tigers. the a's are down 2-0 in this best-of-five playoff series. but they've already beat some long odds to be in the postseason at all. they are the poorest team in major league baseball. with a roster stocked with rookies and low-paid veterans pulled off the junk heap. the oakland a's were pegged to finish last in their division. instead -- >> ball game! >> reporter: -- they finished first. >> most people, i think, now we'd lose 100, maybe 110. so this has been satisfying. >> reporter: if what general manager billy beanehas done sounds like a hollywood story, it already was. >> the problem we're trying to solve is that there are rich teams and there are poor teams. then there's 50 feet of crap. and then there's us. >> reporter: brad pitt played beane in "moneyball." based on a best-selling book, it's a tale of a gm with a small budget for salaries, outthinking every
romney was in as well at bain capital. >> that's correct. >> it's become a subject of critic jim from the obama campaign with respect to what he did and whether he created jobs or not. should bain capital be an issue in this cain? -- campaign? >> everything is subject to be criticized in a campaign. the private equity has helped revolutionize business around the world. private equity is designed to make companies more efficient. it has an effect of make being jobs be created and that's not the principal purpose but very often we save jobs. one of the most important things is we make good returns that go to public pension funds. private equity has bean great thing for american business and the envy of the world. >> there's tissue of carried interest. >> that's correct. >> which puts you at a lower interest rate than some think you should be. taxed at a capital gains rate rather than ordinary income rate. do you think that's fair? >> in the context of comprehensive tax reform everything should be looked at. we have to recognize we have a $1 trillion annual deficit. unless we deal with w
Search Results 0 to 3 of about 4